JEREMIE TRADE FINANCE-COVID 19 is a guarantee program of the European Investment Fund for UBB business clients. The program partially secures the bank guarantees, letters of credit, general limits for working capital and issuance of bank guarantees and / or letters of credit, working capital loans, including overdrafts, provided by the bank.
|Maximum amount*|| |
|Currency||BGN/ EUR/ USD|
|Guarantee Coverage||No fee|
|Inadmissible loans|| |
|Repayment term||From 12 up to 60 months, however not later than 30.11.2025|
|Collateral-related requirements||Not more than 50% of the loan at the collateral’s discounted value (excluding the JEREMIE TF guarantee)|
*The maximum transaction amount with a JEREMIE TF guarantee is indicative, on condition that the grant equivalence of the anticipated and already received de minimis aid, including that under the present loan DOES NOT exceed EUR 200 000 per borrower and its related parties.
The transaction(s) benefit(s) from support from the Documentary Finance Guarantee Facility, implemented by the European Investment Fund and funded by the Ministry of Economy of Republic of Bulgaria within the framework of Programme “Recovery” with national funds, received as reflows from JEREMIE Initiative operations.
InnovFin business loans are preferential financing for innovative micro, small and medium-sized companies (up to 499 employees) through a guarantee scheme.